Bank of Korea Warns of Potential Oil Impact from Conflict
- Higher oil price may affect 2024 growth forecast, Rhee says
- Rhee points to ‘soft-landing’ in Korea’s property market
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Bank of Korea Governor Rhee Chang-yong said any potential widening of the Mideast conflict that spurs oil prices sharply higher could weigh on the bank’s growth forecast, but it’s too soon to gauge the impact at this point.
“If this issue will go beyond regional and across the whole Arab region, then that’ll have a large impact,” Rhee told Bloomberg TV’s Francine Lacqua in an interview Thursday.